Coca-Cola said net income rose 4 percent during the third quarter, in line with Wall Street's estimates, but sales growth fell short and shares traded lower.
The world's largest soft-drink maker, with brands such as Sprite, Fanta and Minute Maid, was hurt by revenue declines in Europe and Asia where it sold more lower-priced drinks.
The company also felt the pinch of a stronger U.S. dollar, which reduces the value of its overseas sales.
Coca-Cola gets the majority of its sales from outside the United States, so shifts in currency can have a noticeable effect on results.
The company's noticeably thinner margins in the Pacific region, mainly in India and Thailand "tells me there's a little bit of a problem in China and that could be the big thing right now, " David Silver, an analyst at Wall Street Strategies, said to CNBC. That's a huge growth area all across the Pacific...that is a huge spot for investment."